Treasury Department announces new sanctions on people allegedly linked to Sinaloa cartel

The Treasury Department on Monday announced that it is sanctioning seven entities and six individuals believed to be connected to a money-laundering scheme tied to the Mexican Sinaloa cartel.

The Sinaloa Cartel is considered one of the most notorious drug trafficking cartels in the world, and the United States has already labeled it a Foreign Terrorist Organization. 

“Laundered drug money is the lifeblood of the Sinaloa Cartel’s narco-terrorist enterprise, only made possible through trusted financial facilitators like those we have designated today,” Treasury Secretary Scott Bessent said in a statement.  “Treasury, as part of a whole-of-government approach to addressing this pressing national security threat, will use all available tools to target anyone who assists the cartels in furthering their campaign of crime and violence.”

The new sanctions target suspected money launderers for the organization.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.